ECON 256: Poverty, Growth & Inequality

Course Information

Time: 2:55-4:10PM Sun, Tues
Location: LA12
Website: http://rossbach.georgetown.domains/econ256.html

Office Hours: 1:45-2:45 PM Tues, 0D25
Contact: jack.rossbach@georgetown.edu

Changelog (Updated: Jan 1, 2017)

Lecture Notes & Slides

First Half of Semester

Introduction to Poverty and Growth
Introduction and Cross-Country Income Differences (Introductory Opinion Survey and Results)
Slides on Deriving Formulas for Convergence (Notes on Time to Convergence and Excel Example and Japan Catchup)
Roland Slides on the Development Gap and Poverty
Comment on Relative Growth vs Growth in Levels

Case Studies of Growth and Decline
Case Studies for Korea, China, and Argentina (Economist article on Argentina's National Account Statistics)

Population Growth
Slides on Population Growth (Roland Slides Fertility Choices, WorldBank Blog on Population Growth Slowdown)

Growth Models
Kim Ruhl Slides on Production Functions
Malthusian Growth Model
Solow Growth Model

More Growth Models
Endogeneous TFP Growth
Structural Change

Growth Accounting
Growth Accounting Slides
Notes on How to Do Growth Accounting
Mexican Growth Accounting Example

Wrapping Up First Half
Recap and Plan moving Forward

Second Half of Semester
Causality
Correlation vs Causation (Ted Talk on Correlation vs Causation; R code for: computing correlation, statistical artifacts, regression to the mean)
Quick Regression Primer
Causality in Development (Paul Romer Ted Talk on Charter Cities)

Equality of Opportunity & Equality of Outcomes
Education and Development (Video on Economic Despair)
Selection of Articles: LA Times Article on Teacher Value Added, NYT Article on Teaching to the Test, Diffusion of Teacher Quality Across Schools in NYT
Chetty Slides on MTO Program and on Life Expectancy and Income Equality (Chetty on American Dream)
Chetty, Hendren, Katz (2016) Paper on Neighborhood Effects on Children
Equality of Opportunity Project (Income Inequality and Student Outcomes and NYT Mobility Map)

Misallocation
Misallocation and Development
Aid and Development (World Bank Blog on Direct Transfers)

Microfinance
Slides on Financial Markets (Muhammad Yunus on Grameen Bank, Video on Microcredit Benefits, BBC Video on Microfinance)

Final Preparation

Final Guide
Final Sample Math Questions (Solutions)

Problem Set 2

Problem Set 2
Template for Submitting Answers for Problem Set 2
STATA File with Data for Question 1 (STATA Code for Regressions )
Excel File with India Data for Question 2
Completed Misallocation Exercise for Chile (Simple Two Firm Example of Misallocation)
Primer on IVs in Stata (Stata IV Code)

Problem Set 1

Problem Set 1
Template for Answers
R Code for Q1
Growth Accounting Data for Q2
Census Table for Q1
Intuition Exercise for Q1 (Online Coin Flipper)

Midterm Preparation

Midterm Guide
Midterm Sample Math Questions (Solutions)
List of Concepts and Key Terms

Worksheets

Handout for Worksheet on Growth Rates (Solution)
Handout for Worksheet on Poverty and Inequality (Solution)
Handout for Worksheet on Solow Growth Model (Solution)
Handout for Worksheet on Correlations (Solution; Q1 R-Code: Built in Functions, Q1 R-Code: Worksheet Formulas, Excel File with Data for Question 3)
Handout for Worksheet on Regressions (Solution;Q1 R-Code, Q2 R-Code, Excel File with Graphs for Question 2, Stata Code)

Miscellaneous

Two Dollars a Day in the US, No American's Under $2 a day, World Bank Monitoring Global Poverty Report

Data Sources